EUR/CAD – 30M – SELL

The currency pair Euro/Canadian Dollar (EUR/CAD) jumps from the bullish trendline downwards

A bearish descent downwards to the next support line at 1.61341 will continue.

Caution: A possible trend reversal in the direction of the resistance level at 1.62301 is also possible.
Consider stop-loss settings accordingly.

Besides a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The pair is likely to go down.

Besides a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 1.613675 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 1.62301 is also possible.
Consider stop-loss settings accordingly.

1.6178 – 1.62301 – 1.61857 – 1.61341 – 1.6045 – 1.60434 —
1.61652 – 1.61897 —
41.51128682923 – 64.333843921327 —
– —
1.6178 – 1775739600

Trading Signals: FOREX – EUR – EUR/CAD – CAD – – – – – – – – – –